Tristar Finance Mortgage Rates, Fees & InfoKIRKLAND, WA
Tax ID: 20-5066025
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewTristar Finance is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Tristar Finance has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Seattle, Los Angeles, San Jose, San Francisco, and Portland among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)
Tristar Finance has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Tristar Finance is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.17%||3/27/23|
|30 Year Conventional Refi||5.96%||3/27/23|
|30 Year Cash-out Refi||6.47%||3/27/23|
|30 Year FHA Purchase||7.86%||3/27/23|
|30 Year VA Purchase||6.01%||3/27/23|
|30 Year VA Refi||5.56%||3/27/23|
|15 Year Conventional Purchase||5.36%||3/27/23|
|15 Year Conventional Refi||5.68%||3/27/23|
|15 Year Cash-out Refi||5.68%||3/27/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Origination Dollar Volume (All Markets)$147,960,000
Tristar Finance's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.68%.
Relative Fees (Closing Costs)
Tristar Finance's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,414.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
|Market||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA)||150||$107,510,000||$716,733||$6,877||4.18%|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||8||$6,420,000||$802,500||$13,589||3.28%|
|Outside of Metro Areas||4||$4,560,000||$1,140,000||$16,994||6.46%|
|SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)||4||$4,350,000||$1,087,500||$7,843||2.78%|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||4||$3,840,000||$960,000||$11,516||2.72%|
|PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA)||4||$2,240,000||$560,000||$5,351||4.40%|
|OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA)||4||$1,640,000||$410,000||$4,728||4.31%|
|KENNEWICK-RICHLAND, WA (FHA|USDA|VA)||2||$1,590,000||$795,000||$3,308||4.50%|
|Ellensburg, WA (FHA|USDA|VA)||3||$1,575,000||$525,000||$7,607||4.29%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||2||$1,310,000||$655,000||$11,239||4.13%|
|SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA)||2||$1,240,000||$620,000||$7,426||4.13%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||1||$1,225,000||$1,225,000||$6,797||2.75%|
|STOCKTON, CA (FHA|USDA|VA)||1||$1,165,000||$1,165,000||$2,854||3.25%|
|MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA)||3||$1,165,000||$388,333||$5,607||3.67%|
|SALINAS, CA (FHA|USDA|VA)||1||$1,145,000||$1,145,000||$17,421||4.88%|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||1||$1,125,000||$1,125,000||$5,145||5.50%|
|SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA)||1||$985,000||$985,000||$28,225||3.25%|
|SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA)||1||$885,000||$885,000||$12,346||5.50%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||2||$860,000||$430,000||$6,174||5.25%|
|WENATCHEE, WA (FHA|USDA|VA)||1||$645,000||$645,000||$3,500||3.88%|
|LONGVIEW, WA (FHA|USDA|VA)||1||$465,000||$465,000||$18,990||6.75%|
|Oak Harbor, WA (FHA|USDA|VA)||1||$445,000||$445,000||$4,569||3.88%|
|Safford, AZ (FHA|USDA|VA)||1||$355,000||$355,000||$8,098||6.50%|
|Outside of Metro Areas||1||$345,000||$345,000||$3,989||3.25%|
|Sandpoint, ID (FHA|USDA|VA)||1||$335,000||$335,000||$6,323||3.50%|
|FAIRBANKS, AK (FHA|USDA|VA)||1||$315,000||$315,000||$3,636||3.75%|
|Centralia, WA (FHA|USDA|VA)||1||$225,000||$225,000||$5,048||3.88%|
We use machine learning to identify the top lenders compared against TRISTAR FINANCE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Tristar Finance's most frequently originated type of loan was Conventional, with 193 originations. Their 2nd most popular type was VA, with 10 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||71||$47,405,000||$667,676||$7,623||3.78%|
For 2022, Tristar Finance's most frequently cited loan purpose was Home Purchase, with 106 originations. The 2nd most popular reason was Cash Out Refi, with 71 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Tristar Finance's most frequently cited loan duration was 30 Year, with 194 originations. The 2nd most popular length was Other, with 5 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Tristar Finance's average total fees were $7,414, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 61 originations.
During 2022, Tristar Finance's average interest rate for loans was 4.08%, while their most frequently originated rate bucket for loans was 3-4%, with 74 originations.
2022 saw Tristar Finance place emphasis on $600k-1MM loans with 75 originations, totaling $58,005,000 in origination value.
Tristar Finance lent most frequently to those with incomes in the $150k-250k range, with 66 originations. The second most popular income band? $250k+, with 66 originations.
Applicant Debt to Income Ratio
Tristar Finance lent most frequently to those with DTI ratios of 30-36%, with 36 originations. The next most common DTI ratio? 20-30%, with 30 originations.
Approval RatesTotal approvals of all applications
Tristar Finance has an average approval rate.
Pick RateApprovals leading to origination
Tristar Finance has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|TRUIST FINANCIAL CORPORATION||Conventional home mortgage||Trouble during payment process||3||37.5%|
|TRUIST FINANCIAL CORPORATION||FHA mortgage||Applying for a mortgage or refinancing an existing mortgage||1||12.5%|
|TRUIST FINANCIAL CORPORATION||FHA mortgage||Struggling to pay mortgage||1||12.5%|
|TRUIST FINANCIAL CORPORATION||FHA mortgage||Trouble during payment process||1||12.5%|
|TRUIST FINANCIAL CORPORATION||Other type of mortgage||Struggling to pay mortgage||1||12.5%|
|TRUIST FINANCIAL CORPORATION||VA mortgage||Applying for a mortgage or refinancing an existing mortgage||1||12.5%|